Analysts Set Expectations for Best Buy FY2025 Earnings

Best Buy Co., Inc. (NYSE:BBY) – Research analysts at Zacks Research decreased their FY2025 earnings per share estimates for shares of Best Buy in a research report issued on Monday, December 16th. Zacks Research analyst R. Department now expects that the technology retailer will earn $6.20 per share for the year, down from their previous estimate of $6.26. The consensus estimate for Best Buy’s current full-year earnings is $6.18 per share. Zacks Research also issued estimates for Best Buy’s Q4 2025 earnings at $2.40 EPS, Q2 2026 earnings at $1.42 EPS, Q3 2026 earnings at $1.43 EPS, Q4 2026 earnings at $2.64 EPS, FY2026 earnings at $6.75 EPS, Q2 2027 earnings at $1.57 EPS, Q3 2027 earnings at $1.60 EPS and FY2027 earnings at $7.42 EPS.

Best Buy (NYSE:BBY) last issued its quarterly earnings results on Tuesday, November 26th. The technology retailer reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.04). The firm had revenue of $9.45 billion for the quarter, compared to analyst estimates of $9.63 billion. Best Buy had a net margin of 3.01% and a return on equity of 45.93%. The company’s revenue was down 3.2% compared to the same quarter last year. During the same period last year, the company earned $1.29 EPS.

Other equities analysts have also issued reports about the stock. BNP Paribas upgraded shares of Best Buy to a “strong-buy” rating in a report on Thursday, August 29th. Barclays increased their price target on Best Buy from $81.00 to $95.00 and gave the company an “equal weight” rating in a research note on Friday, August 30th. Guggenheim decreased their price objective on Best Buy from $110.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, November 29th. JPMorgan Chase & Co. increased their target price on Best Buy from $111.00 to $117.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Finally, Citigroup decreased their target price on Best Buy from $109.00 to $101.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Best Buy has a consensus rating of “Moderate Buy” and a consensus price target of $101.06.

Best Buy Stock Performance

Best Buy stock opened at $86.01 on Wednesday. Best Buy has a 1 year low of $69.29 and a 1 year high of $103.71. The company’s 50-day moving average is $90.89 and its two-hundred day moving average is $90.58. The company has a current ratio of 1.00, a quick ratio of 0.22 and a debt-to-equity ratio of 0.37. The company has a market cap of $18.39 billion, a PE ratio of 14.70, a PEG ratio of 2.19 and a beta of 1.44.

Institutional Trading of Best Buy

Institutional investors have recently made changes to their positions in the business. Richardson Financial Services Inc. increased its stake in Best Buy by 190.9% in the 2nd quarter. Richardson Financial Services Inc. now owns 320 shares of the technology retailer’s stock valued at $27,000 after buying an additional 210 shares during the last quarter. Innealta Capital LLC bought a new stake in Best Buy during the second quarter worth about $35,000. Harbor Capital Advisors Inc. bought a new stake in Best Buy during the third quarter worth about $40,000. LRI Investments LLC raised its holdings in Best Buy by 632.1% during the third quarter. LRI Investments LLC now owns 388 shares of the technology retailer’s stock worth $40,000 after acquiring an additional 335 shares in the last quarter. Finally, Whittier Trust Co. raised its stake in shares of Best Buy by 53.3% during the 2nd quarter. Whittier Trust Co. now owns 492 shares of the technology retailer’s stock worth $41,000 after purchasing an additional 171 shares in the last quarter. Institutional investors own 80.96% of the company’s stock.

Insider Buying and Selling

In other news, CFO Matthew M. Bilunas sold 69,166 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $87.46, for a total transaction of $6,049,258.36. Following the completion of the transaction, the chief financial officer now directly owns 92,070 shares of the company’s stock, valued at $8,052,442.20. This trade represents a 42.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.59% of the company’s stock.

Best Buy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Tuesday, December 17th will be given a $0.94 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $3.76 annualized dividend and a yield of 4.37%. Best Buy’s dividend payout ratio is currently 64.27%.

About Best Buy

Best Buy Co, Inc engages in the retail of technology products in the United States, Canada, and international. Its stores provide computing and mobile phone products, such as desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions; networking products; tablets covering e-readers; smartwatches; and consumer electronics consisting of digital imaging, health and fitness products, portable audio comprising headphones and portable speakers, and smart home products, as well as home theaters, which includes home theater accessories, soundbars, and televisions.